During the last session, Bitfarms Ltd (NASDAQ:BITF)’s traded shares were 13.23 million, with the beta value of the company hitting 3.91. At the end of the trading day, the stock’s price was $0.83, reflecting an intraday gain of 4.43% or $0.04. The 52-week high for the BITF share is $3.28, that puts it down -295.18 from that peak though still a striking 19.28% gain since the share price plummeted to a 52-week low of $0.67. The company’s market capitalization is $419.31M, and the average intraday trading volume over the past 10 days was 9.85 million shares, and the average trade volume was 30.99 million shares over the past three months.
Bitfarms Ltd (BITF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BITF has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
Bitfarms Ltd (NASDAQ:BITF) trade information
Bitfarms Ltd (BITF) registered a 4.43% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.43% in intraday trading to $0.83, hitting a weekly high. The stock’s 5-day price performance is -2.23%, and it has moved by -18.10% in 30 days. Based on these gigs, the overall price performance for the year is -52.18%. The short interest in Bitfarms Ltd (NASDAQ:BITF) is 57.65 million shares and it means that shorts have 1.98 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.25, which implies an increase of 74.46% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.25 and $3.25 respectively. As a result, BITF is trading at a discount of -291.57% off the target high and -291.57% off the low.
Bitfarms Ltd (BITF) estimates and forecasts
In the rating firms’ projections, revenue will increase 81.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 67.17M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 83.25M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 50.32M and 41.55M respectively. In this case, analysts expect current quarter sales to grow by 33.49% and then jump by 100.38% in the coming quarter.
While earnings are projected to return 41.54% in 2025.
BITF Dividends
Bitfarms Ltd is due to release its next quarterly earnings on 2025-Mar-26. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
Bitfarms Ltd insiders own 16.78% of total outstanding shares while institutional holders control 24.01%, with the float percentage being 28.85%. INVESCO LTD. is the largest shareholder of the company, while 205.0 institutions own stock in it. As of 2024-06-30, the company held over 19.71 million shares (or 4.9128% of all shares), a total value of $50.66 million in shares.
The next largest institutional holding, with 6.62 million shares, is of TOROSO INVESTMENTS, LLC’s that is approximately 1.6492% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $17.01 million.
